Real Estate

Former Hobby Lobby on O’Neal converting to self-storage facility

The former Hobby Lobby building on O’Neal Lane has been sold to a North Carolina-based real estate investment group that plans to convert the big box space into a self-storage facility.

Dianna R. Payton: 2021 Influential Women in Business honoree

2021 Influential Women in Business: Dianna Payton, using innovative methods to tackle the YWCA's mission, attracted a $2 million philanthropic gift.

Amazon developer files for construction permit at former Cortana site

The developers of the Amazon fulfillment center at the former Cortana Mall site are...

‘We’re ready for it to be over’: Corporate Boulevard work set to wrap in June

Four months since work crews resumed making repairs and upgrades to Corporate Boulevard, merchants...

The Amazon effect: Strip center at Florida and N. Sherwood Forest sells for $1.6M

After more than six years on the market, a retail strip center at the intersection of North Sherwood Forest and Florida boulevards anchored by a long-shuttered Albertsons supermarket has sold for $1.6 million, or a little more than $4.50 per square foot.

Florida-based investor pays $1.06M for 24-unit Mid City apartment complex

A Florida-based investor has purchased a 24-unit apartment complex off Government Street in Mid City.

TRENDS: Existing challenges only grew for retail sector in 2020 

While the pandemic did not decimate the retail sector as much as one might have predicted last year at this time, it hastened trends that were underway before the onset of COVID-19: Vacancy rates in local shopping centers increased to more than 10% for the first time since 2014, and the growth of online shopping exploded at an unprecedented pace.

TRENDS: 2020 was a ‘fantastic market’ for residential real estate 

While the past year has thrown a wrench in some sectors of the local...

TRENDS: Pandemic throws wrench in 2020 Baton Rouge real estate market

While the economy is showing positive signs of recovery, the yearlong pandemic has created uncertainty in the market that makes it difficult to predict the future of the multifamily and commercial real estate sectors in Baton Rouge, according to experts at this morning’s TRENDS Real Estate Seminar.

Baton Rouge loses 12% of constructions jobs over past 12 months

Construction employment decreased by 12%, or 5,900 jobs, in the Baton Rouge area from March 2020 to March 2021.